The US has 10 more banks in the Top 1000 World Banks ranking, bringing its total to 196. The country’s banks also numerically dominate the list of new arrivals, with 19 out of 33 new entrants.
The strengthening of the dollar in 2022, following the US Federal Reserve interest rate hikes, has played a major role in increasing the number of US banks, because they have been able to edge out other countries’ banks at the lower end of the ranking.
